Abundance Wealth Counselors Purchases 4,872 Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE)

Abundance Wealth Counselors lifted its position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 23.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,241 shares of the company's stock after purchasing an additional 4,872 shares during the quarter. Abundance Wealth Counselors' holdings in TotalEnergies were worth $1,638,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. increased its holdings in shares of TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after purchasing an additional 192 shares during the period. Bernard Wealth Management Corp. purchased a new position in TotalEnergies in the fourth quarter worth $32,000. Opal Wealth Advisors LLC purchased a new position in TotalEnergies in the first quarter worth $65,000. General Partner Inc. purchased a new position in TotalEnergies in the first quarter worth $65,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in TotalEnergies by 173.7% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,147 shares of the company's stock worth $74,000 after acquiring an additional 728 shares in the last quarter. Institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Performance

NYSE TTE opened at $61.99 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.38. The company has a 50-day simple moving average of $59.18 and a two-hundred day simple moving average of $58.99. The firm has a market cap of $148.64 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 1.29 and a beta of 0.56. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $71.03.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The firm had revenue of $47.90 billion for the quarter, compared to analysts' expectations of $41.23 billion. TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. During the same quarter in the prior year, the company posted $2.14 earnings per share. On average, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, July 11th. Stockholders of record on Thursday, June 19th will be issued a dividend of $0.7108 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a dividend yield of 4.54%. TotalEnergies's dividend payout ratio is currently 47.81%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Sanford C. Bernstein upgraded shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday. Piper Sandler upped their target price on shares of TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th. Finally, Morgan Stanley upgraded shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a research report on Monday, May 12th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, TotalEnergies currently has an average rating of "Moderate Buy" and an average price target of $69.36.

TotalEnergies Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.

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